Sentences with phrase «as means of payment rather»

The news is a welcome development in the growth of cryptocurrencies as means of payment rather than speculative assets.

Not exact matches

Rather than constituting an approval or a prescription of the requirement in state plans, the directive was the means chosen by Congress to deny federal funding to any State which persisted in stipulating excessive residence requirements as a condition of the payment of benefits.

Bank of Japan Governor Haruhiko Kuroda said on Tuesday cryptocurrencies likely won't threaten legal tenders like the yen any time soon as they are mostly used for speculative trading, rather than as payments and settlement means.

So these folks argue that Bitcoin currently is rather used as a speculative investment vehicle than as a means of payment — a development that puts its price on a shaky ground and therefore forces the entire Bitcoin network to be at the mercy of wavering speculators.

Indeed, unlike many other cryptocurrencies, ether is not designed to serve as a universal means of payment, but rather as the «fuel» facilitating the work of the smart contract platform Ethereum.

You (or any designee you desire) are then named as manager of the LLC, which means that you are in control of the individual investments that are made by the LLC, and sign the paperwork and make the payments, rather than the custodian of the IRA acting as intermediary.